If profit maximization is assumed to be the objective of a business enterprise, labour must…

Economics JAMB 1993

If profit maximization is assumed to be the objective of a business enterprise, labour must be paid a wage rate equal to the?

  • marginal revenue of the enterprise
  • marginal revenue product of labour in the enterprise checkmark
  • average revenue of the enterprise
  • marginal cost of production

The correct answer is: B

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